1512 Fones Road SE
Olympia, WA 98501
8169 sqft | 1.34 acres | #2314484
Description
Great investment property! Own a whole neighborhood. On a private cul-de-sac with 3 duplexes and 3 homes each on individual parcels. 9 total units on 6 parcels. Each property is connected to sewer and public utilities. Just add individual water meters to each and you can sell them separate. Units are in great shape. Multiple new kitchens and interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Many possibilities with property; hold and cash flow or sell each off individually. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity.
Property Details
- InteriorCeramic Tile, Laminate Hardwood, Wall to Wall Carpet
- Exterior FeaturesFenced-Partially, Outbuildings, Patio
- Exterior MaterialsBrick, Wood, Wood Products
- Lot DescriptionDead End Street, Paved
- FoundationBlock, Poured Concrete
- Date ListedDecember 04, 2024
- Sewer InformationSewer Connected
- Style55 - 5-9 Units
- School DistrictNorth Thurston
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Original List Price$2,750,000
- CountyThurston
- SubdivisionOlympia
- Taxes Annual$19,644
- MLS #2314484
- Cost2750000
- MLS #2314484
- Acres1.3419
- Utility SourcePublic
- Square Feet8169
- Year Built1963
- Property ConditionGood
- Days on Market (Cumulative)18
- Stories1
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-13 22:52:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Josh J. Carlson (#NWM38782)
Listing Office: Better Properties N. Proctor (#NWM4317)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
